(11 SEPTEMBER 2018)S&P 500:Bullish bias above 2868.00.

Pivot (invalidation): 2868.00

Our preference

Long positions above 2868.00 with targets at 2887.00 & 2898.00 in extension.

Alternative scenario

Below 2868.00 look for further downside with 2854.00 & 2842.00 as targets.

Comment

A support base at 2868.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)